[Nano Labs Founder: Bitcoin Bear Market Bottoms Often Appear Around Christmas] Nano Labs founder Jack Kong (Kong Jianping) tweeted an analysis of Bitcoin's Christmas price trajectory. He pointed out that Bitcoin's price has grown nearly 400,000 times over 14 years, from $0.25 in 2010 to $98,200 in 2024. Historical data shows that Bitcoin bear market bottoms often appear around Christmas, such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022. The predicted $88,000 for 2025 represents a pullback compared to 2024, which may reflect market expectations for cyclical adjustments. From a macro perspective, this volatility is a characteristic of digital assets as an emerging store of value. Earlier reports stated that Nano Labs founder Kong Jianping noted a sharp drop in Bitcoin hash rate, with at least 400,000 mining machines shut down.